$ETH Coin Circle Academician: 7.7 Ethereum (ETH) Ultimate Direction of This Round from Cycle Pattern Analysis? Latest Market Analysis Reference

Ethereum is currently at 1790. To be honest, I watched the entire rebound. I still remind everyone: Don't get carried away by a few bullish candles. Ethereum's daily-level downward trend has not fully reversed yet. This rebound looks more like a recovery within the downtrend, not the start of a big bull market. Many people rush in when prices rise and panic-sell when they fall, ending up getting burned on both sides.

The daily K-line has broken above the EMA15 and EMA30 short-term moving averages and is testing the EMA60 resistance level. In the MACD indicator, the DIF has crossed above the DEA forming a golden cross, with the red bars continuing to expand, indicating some recovery in upward momentum. The Bollinger Bands show the price struggling near the middle band, with the upper band at 1833 forming short-term strong resistance and the lower band at 1518 as strong support. Overall, the daily chart is still in a rebound phase of a downtrend and has not formed a clear reversal signal.

On the 4-hour K-line, price is near the upper Bollinger Band at 1801, with the short-term uptrend continuing. The EMA15 and EMA30 moving averages are arranged bullishly, and the price has found support on pullbacks to these averages, indicating sufficient short-term upward momentum. Although the MACD red bars show signs of shortening, the DIF remains above the DEA without a clear turning signal. The Fibonacci 38.2% resistance at 1870 and the 23.6% support at 1730 are the key ranges ahead. The current price is at the upper edge of consolidation, so caution is needed for risks of a pullback after a rally.

Short-term reference:

If the price holds above 1750 to 1700 to the upside, stop loss at 1660, targets 1820 to 1870.

If the price fails to break above 1850 to 1880 to the downside, stop loss at 1910, targets 1800 to 1750.

Specific operations should be based on real-time order book data. For more information, you can consult the author. The article is published with a delay. Suggestions are for reference only, and risks are borne by the individual.